Whether Duty Drawback Receivable on export sales is to be considered as gross receipts as per section 44AB?
example: Export sales = 39.34 lacs, Duty drawback receivable = 5lacs.
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Duty Drawaback on export sales
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The duty drawback amt. receivable in course of your busieness.. will be considered as gross receipt, in the given case.. DDB of Rs. 5lakhs will be your gross receipt u/s 44AB
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